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Disruptive Real Estate

Meraas · Dubai Water Canal

The Melgrano

  • Apartments
Starting from
AED 4,000,000
Bedrooms
On request
Size
7,283 sqft
Payment plan
On request
Completion
6%
Available
On request
Handover
Q4 2026

About The Melgrano

Architecture & Building Structure

The Melgrano is a single residential building on the Dubai Water Canal, configured as basement plus ground floor, mezzanine, seven upper floors, and a roof level. The structure is concrete with block construction, finished to a modern standard both internally and externally. Across all floors the building delivers 14 residences, each with a private entrance lobby. Panoramic views of the city skyline and the waterfront are available from the upper floors.

Residences & Interior Design

Each residence at The Melgrano is designed around a clear separation of function and form, with layouts configured to support everyday modern living without sacrificing spatial quality. Finishes are specified to a consistent standard across all units, and the detailing throughout is aligned with the building's overall architectural brief. The private entrance lobby reinforces a sense of exclusivity that is appropriate for a 14-unit building of this scale.

Lifestyle & Amenity Offer

The Melgrano's amenity programme is focused on privacy and resident wellbeing. Private amenities are integrated into the building to support relaxation and personal retreat, and communal spaces have been designed to accommodate hospitality and social interaction at a scale suited to a boutique residential building. The waterfront is accessible within a short walk of the building entrance, connecting residents directly to one of Dubai's most active canal-side corridors.

Investment Case

With only 14 units across the entire building, The Melgrano sits in a segment of the Dubai residential market where supply is structurally constrained. As an exclusive off plan project in Dubai Water Canal, it benefits from a prime waterfront address within a mature and established zone that attracts consistent occupier and investor demand. The Dubai Water Canal location further enhances its appeal through limited canal-facing inventory and proximity to key lifestyle and business destinations. Construction started in November 2024, with DLD records indicating a project end date of December 2026, giving buyers a defined delivery timeline against a registered escrow account held at Abu Dhabi Commercial Bank..

Key highlights

  • Only 14 residences across a single boutique canal-front building
  • Dubai Water Canal address in the Jumeirah corridor
  • Concrete and block structure with full internal and external finishes
  • Private entrance lobby and panoramic city and waterfront views
  • Registered escrow with Abu Dhabi Commercial Bank
  • DLD project end date December 2026

Why this project

  • 14-unit boutique canal-front building in Jumeirah, concrete construction, private lobby per residence, handover Q4 2026.

Amenities

  • Private entrance lobby
  • Waterfront access
  • Panoramic city views
  • Rooftop level
  • Mezzanine common areas
  • Hospitality and entertainment spaces
  • Private resident amenities

Location

Dubai Water Canal Address

The Melgrano sits on the Dubai Water Canal in the Jumeirah corridor, one of the city's established low-rise residential and retail zones. Located among some of the most desirable areas in Dubai, the project benefits from close proximity to Business Bay, City Walk, and the Safa Park green belt, all within a short drive. Sheikh Zayed Road is accessible within minutes, connecting residents to both Dubai Marina and DIFC directions while offering convenient access to the city’s major business, leisure, and lifestyle destinations.

Project information

Developer
Meraas
Location
Dubai Water Canal
Handover
Q4 2026
Total units
14
RERA Escrow
Abu Dhabi Commercial Bank
DLD Project #
2759

DLD-verified today

Project intelligence

Live DLD data

Real Dubai Land Department transactions and rent contracts — not developer marketing.

The Melgrano — handover progress

6%
LaunchNov 2024
Today3mo to handover
HandoverQ4 2026

Dubai Water Canal market

2 br · 191 sales analyzed

High activity
Avg / sqft
AED 3,295
Sales last 6 mo
68
Year-on-year
-16.5%
Off-plan vs ready
6.2% cheaper
AED 3,224 vs 3,439
5.5%

Indicative gross yield

At the starting price of AED 4,000,000, typical rent for a 2 br in Dubai Water Canal (AED 220,000/year, ~AED 18,300/month) implies a 5.5% gross yield.

Based on 193 DLD rent contracts in the last 12 months. Gross yield excludes service charges, vacancy and management fees.

Source: Dubai Land Department open data. Analytics are computed from registered transactions and rent contracts; figures are indicative and not a guarantee of future performance.

Frequently asked questions about The Melgrano

Where is The Melgrano located?
The Melgrano is located in Dubai Water Canal, Dubai. Dubai Water Canal is a freehold community in Dubai — international buyers can take 100% ownership with full title at the Dubai Land Department.
Who is the developer of The Melgrano?
The Melgrano is developed by Meraas. The project is registered with the Dubai Land Department and governed by RERA-mandated escrow accounts, meaning buyer payments are released to Meraas only as construction milestones are independently verified.
How much does The Melgrano cost?
Off-plan units at The Melgrano start from From AED 4M. Pricing varies by unit type, bedroom count, floor and view — see live availability and floor plans above for full details.
When is the handover for The Melgrano?
The Melgrano is currently scheduled for handover in Q4 2026. Handover dates are tracked against DLD escrow milestones and updated as construction progresses.
What payment plan does The Melgrano offer?
The Melgrano ships with a staged payment plan tied to construction milestones. Most Meraas projects use 60/40 or 70/30 splits between construction and handover, with some extending post-handover plans of 1–3 years. Reach out via the form below for the full plan and current incentives.
Can foreigners buy at The Melgrano?
Yes. The Melgrano is in a Dubai freehold zone, so international buyers can take 100% ownership with full title registered at the Dubai Land Department. Purchases above AED 2 million qualify for the 10-year UAE Golden Visa, and properties above AED 750,000 qualify for a 2-year residence visa.
How do I buy a unit at The Melgrano?
Reserve a unit directly through Disruptive Real Estate (RERA ORN 1167819). Submit the form below with your contact details and we'll send the latest availability, floor plans, payment plans and pricing — direct from Meraas, with no inflated agent commissions.

Get the The Melgrano brochure

Floor plans, payment plans and current availability — direct from Meraas via Disruptive Real Estate. No inflated commissions, no spam. One business-day reply.

By submitting, you agree to be contacted by Disruptive Real Estate (RERA ORN 1167819) about The Melgrano. We never share your details.

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